It's been a tough year for shareholders of oil and gas supermajor Exxon Mobil Corp. (XOM) -- since the calendar flipped to January, this energy behemoth has shed about 9% of its market value, underperforming the rest of the broad market by some 15% year-to-date.
Of course, things haven't been much better in the rest of the energy sector. The big Energy Select SPDR ETF (XLE) is down 10% on a price basis this year.
None of that should be too surprising. After all, energy commodities have been struggling this year, and as energy prices go, so too go the energy producers.
Jim Cramer and the AAP team dig into energy often. Get their insights or analysis with a free trial subscription to Action Alerts Plus.
While Exxon and its peers have been toxic to investors' portfolios all year long, it's a mistake to ignore them now, though.
That's because Exxon's price chart is signaling a potential reversal this spring -- and shares are within grabbing distance of breakout territory. To figure out when to buy shares, we're taking a technical look at the price action.
First, though, it makes sense to revisit Exxon's fundamentals for a minute.
Exxon is the biggest integrated oil and gas company in the world. Last year, the firm generated 2.1 million barrels of liquids and 10.1 billion cubic feet of natural gas every single day. As of the end of 2016, the firm's reserves stood at 20 billion barrels of oil equivalent. Since Exxon is integrated, it deals with much of that huge production volume itself, making the firm the biggest refiner and a major chemical producer as well.